Interest in Curaçao Gambling Market Rises

Since September 1, 2023, gambling operators can apply for a new license from the Gaming Control Board (GCB) in Curaçao. Due to high demand, the licensing process is facing delays.

740 License Applications in First Half of 2024

By April 2024, 740 gambling companies had submitted applications to the GCB. Cedric Pietersz, GCB’s director, foresees 300 more applications in the next licensing window starting in July 2024.

New Licensing System Increases Workload

Applicants must complete a nine-page document, including personal and business information. Differentiating between B2B, B2C, and B2B2C operators adds complexity to processing.

Focus on Improving Processes

The GCB aims to enhance internal processes to handle the influx of applications efficiently. Clear communication with operators is crucial to resolve queries promptly.

Curaçao’s Gambling History

Curaçao has a long gambling history, with the first official licenses issued in 1996. The island offers attractive licensing benefits, making it a preferred choice for operators.

GCB Aims for Stronger Enforcement

The GCB aims to establish a reputation as a reputable regulator by enforcing stricter guidelines. Enhanced communication with international regulatory bodies is planned to address complaints effectively.

Conclusion

Efforts to streamline processes and enforcement are underway to meet the eight-week licensing deadline effectively.